Beginning cash balance plus total receipts a.equals ending cash balance. b.equals total available cash. c.is the...
Beginning cash balance plus total receipts a.equals ending cash balance. b.equals total available cash. c.is the excess of available cash over disbursements. d.must equal total disbursements.
Homework Answers
Cash:
Cash is the currency notes and coins held by an entity. It is the physical form of currency held. Currency, money orders, timely deposits are included in cash. Cash is reported under the current assets section in the balance sheet.
Cash inflows: Cash inflows are the receipts from a project in cash. These are estimated to analyze whether such project should be accepted or not. These cash inflows represent revenue from the project on cash basis.
Cash outflows: Cash outflows for a project is the amount of payments in cash. These are estimated to analyze whether such project should be accepted or not. These cash outflows represent expenses from the project on cash basis.
Cash budget is a statement used to analyze the cash receipts and cash disbursements.
The sum of beginning cash balance and the total cash receipts equals to the total available cash.
Ans:Equals total available cash.
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Beginning cash balance plus total receipts a.equals ending cash
balance. b.equals total available cash. c.is the...
Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $20,000....
Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $20,000. Budgeted cash receipts total $111,000 and budgeted cash disbursements total $92,000. The desired ending cash balance is $50,000. The company can borrow up to $80,000 at any time from a local bank, with interest not due until the following month. Required: Prepare the company's cash budget for March in good form. Make sure to indicate what borrowing, if any, would be needed to attain...
Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $21,000....
Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $21,000. Budgeted cash receipts total $112,000 and budgeted cash disbursements total $91,000. The desired ending cash balance is $55,000. The company can borrow up to $90,000 at any time from a local bank, with interest not due until the following month. Required: Prepare the company's cash budget for March in good form. Make sure to indicate what borrowing, if any, would be needed to attain...
Help Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is...
Help Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $27,000. Budgeted cash receipts total $104,000 and budgeted cash disbursements total $87,000. The desired ending cash balance is $70,000. The company can borrow up to $90.000 at any time from a local bank, with interest not due until the following month. Required: Prepare the company's cash budget for March in good form. Make sure to indicate what borrowing, if any, would be needed to...
Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $15,000....
Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $15,000. Budgeted cash receipts total $106,000 and budgeted cash disbursements total $97,000. The desired ending cash balance is $40,000. The company can borrow up to $80,000 at any time from a local bank, with interest not due until the following month. Required: Prepare the company's cash budget for March in good form. Make sure to indicate what borrowing, if any, would be needed to attain...
Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is...
Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $25,000. Budgeted cash receipts total $197,000 and budgeted cash disbursements total $196,000. The desired ending cash balance is $43,000. The excess (deficiency) of cash available over disbursements for July will be: Multiple Choice $26,000 $24,000 $1,000 $222,000
Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $26,000. Budgeted cash r...
Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $26,000. Budgeted cash receipts total $198,000 and budgeted cash disbursements total $197,000. The desired ending cash balance is $45,000. The excess (deficiency of cash available over disbursements for July will be Multiple Choice О 52Aooo o o o
Freet Inc. is preparing its cash budget for November. The budgeted beginning cash balance is $15,000....
Freet Inc. is preparing its cash budget for November. The budgeted beginning cash balance is $15,000. Budgeted cash receipts total $106,000 and budgeted cash disbursements total $97,000. The desired ending cash balance is $40,000. The company can borrow up to $80,000 at any time from a local bank, with interest not due until the following month. Required: Prepare the company's cash budget for November in good form. Make sure to indicate what borrowing, if any, would be needed to attain...
Exercise 21-15 Deitz Corporation is projecting a cash balance of $36,960 in its December 31, 2016,...
Exercise 21-15
Deitz Corporation is projecting a cash balance of $36,960 in its
December 31, 2016, balance sheet. Deitz’s schedule of expected
collections from customers for the first quarter of 2017 shows
total collections of $227,920. The schedule of expected payments
for direct materials for the first quarter of 2017 shows total
payments of $52,976. Other information gathered for the first
quarter of 2017 is sale of equipment $3,696; direct labor $86,240,
manufacturing overhead $43,120, selling and administrative expenses
$55,440;...
ABC Company has a cash balance of $34,000 on August 1 and requires a minimum ending...
ABC Company has a cash balance of $34,000 on August 1 and requires a minimum ending cash balance of $23,032. Cash receipts from sales budgeted for August are $199,032. Cash disbursements budgeted for August include inventory purchases, $26,000; other manufacturing expenses, $61,000; operating expenses, $40,000; bond retirements, $59,000; and dividend payments, $24,000. Required: Prepare a cash budget for ABC Company for August. August Beginning cash balance Cash Receipts: Cash collections from sales Total cash available $ 0 Cash Disbursements: For...
Zolezzi Inc. Is preparing its cash budget for March. The budgeted beginning cash balance is $22,000....
Zolezzi Inc. Is preparing its cash budget for March. The budgeted beginning cash balance is $22,000. Budgeted cash recelpts total $113,000 and budgeted cash disbursements total $90,000. The desired ending cash balance is $60,000. The company can borrow up to $100,000 at any time from a local bank, with Interest not due until the following month 12 Required: Prepare the company's cash budget for March in good form. Make sure to indicate what borrowing, if any, would be needed to...
Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $21,000. Budgeted cash receipts total $112,000 and budgeted cash disbursements total $91,000. The desired ending cash balance is $55,000. The company can borrow up to $90,000 at any time from a local bank, with interest not due until the following month. Required: Prepare the company's cash budget for March in good form. Make sure to indicate what borrowing, if any, would be needed to attain...
Help Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $27,000. Budgeted cash receipts total $104,000 and budgeted cash disbursements total $87,000. The desired ending cash balance is $70,000. The company can borrow up to $90.000 at any time from a local bank, with interest not due until the following month. Required: Prepare the company's cash budget for March in good form. Make sure to indicate what borrowing, if any, would be needed to...
Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $26,000. Budgeted cash receipts total $198,000 and budgeted cash disbursements total $197,000. The desired ending cash balance is $45,000. The excess (deficiency of cash available over disbursements for July will be Multiple Choice О 52Aooo o o o
Freet Inc. is preparing its cash budget for November. The budgeted beginning cash balance is $15,000. Budgeted cash receipts total $106,000 and budgeted cash disbursements total $97,000. The desired ending cash balance is $40,000. The company can borrow up to $80,000 at any time from a local bank, with interest not due until the following month. Required: Prepare the company's cash budget for November in good form. Make sure to indicate what borrowing, if any, would be needed to attain...
Exercise 21-15
Deitz Corporation is projecting a cash balance of $36,960 in its
December 31, 2016, balance sheet. Deitz’s schedule of expected
collections from customers for the first quarter of 2017 shows
total collections of $227,920. The schedule of expected payments
for direct materials for the first quarter of 2017 shows total
payments of $52,976. Other information gathered for the first
quarter of 2017 is sale of equipment $3,696; direct labor $86,240,
manufacturing overhead $43,120, selling and administrative expenses
$55,440;...
ABC Company has a cash balance of $34,000 on August 1 and requires a minimum ending cash balance of $23,032. Cash receipts from sales budgeted for August are $199,032. Cash disbursements budgeted for August include inventory purchases, $26,000; other manufacturing expenses, $61,000; operating expenses, $40,000; bond retirements, $59,000; and dividend payments, $24,000. Required: Prepare a cash budget for ABC Company for August. August Beginning cash balance Cash Receipts: Cash collections from sales Total cash available $ 0 Cash Disbursements: For...
Zolezzi Inc. Is preparing its cash budget for March. The budgeted beginning cash balance is $22,000. Budgeted cash recelpts total $113,000 and budgeted cash disbursements total $90,000. The desired ending cash balance is $60,000. The company can borrow up to $100,000 at any time from a local bank, with Interest not due until the following month 12 Required: Prepare the company's cash budget for March in good form. Make sure to indicate what borrowing, if any, would be needed to...
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